Korean banks earnings likely to rise 40% this year

GMT
05:47 2014
Wednesday ,22
January

Seoul - Yonhap

South Korean banks' earnings are likely to increase about 40 percent this year from a year earlier on the back of economic recovery, the Korea Institute of Finance (KIF) said Wednesday.
Korean banks are expected to log a combined net profit of 7.4 trillion won (US$6.93 billion) this year, compared with an estimate of 5.3 trillion won the previous year, according to the think tank.